Model Thinking and Forex Trading

What Would Life Be Like Without Technology?

The Internet has made it possible for almost everyone to learn new topics. As long as you have a computer or a laptop (whichever works, really), an internet connection and a positive attitude, you’re pretty much ready to embark on a journey to a lifetime worth of knowledge. This is all to ensure you to make your first step and hopefully a ticket to the good life. Luck is mostly required in the forex market. True that, but stategic thinking plays a fundamental part, too. In this new series, we first introduce you to Model Thinking, an online course from Coursera that gives you an early start in forex trading.

Model Thinking Helps Forex?

The public research university recently offered a course entitled, ‘Model Thinking’, where students will learn how to ponder with models and use them to make sense of the complex world around us. Taught by instructor, Scott E. Page, Model Thinking will be made up of 20 sections. The course officially started on October 7th 2013. Feeling down in the dumps? Don’t be. The notes and readings will still be there for you to peruse through.

Few things to note: you need not purchase a textbook. The instructor (bless his soul) will get the necessary materials to be available for all at no cost. The best part? Students who successfully complete the course will receive a certificate. To get on the right path to the forex industry, here is a list of the course syllabus.

Section 1: Introduction: Why Model?

Section 2: Sorting and Peer Effects

Section 3: Aggregation

Section 4: Decision Models

Section 5: Models of People: Thinking Electrons

Section 6: Linear Models

Section 7: Tipping Points

Section 8: Economic Growth

Section 9: Diversity and Innovation

Section 10: Markov Processes

Section 11: Lyapunov Functions

Section 12: Coordination and Culture

Section 13: Path Dependence

Section 14: Networks

Section 15:Randomness and Random Walks

Section 16: The Colonel Blotto Game

Section 17:The Prisoners’ Dilemma and Collective Action

Section 18: Mechanism Design: Auctions

Section 19: Learning: Replicator Dynamics

Section 20: The Many Model Thinker: Diversity and Prediction

Model Thinking Helps, Really.

Singapore is a technologically advanced country. E-learning is really common in our universities, primary, secondary and tertiary schools. It’s a regular sight to spot students using laptops in classrooms. Given these technological opportunities, one should always make use of them to get the best.

You never know, courses like this might help you loads in the forex market. May today hold the promise of many bright tomorrows.